Hello. Since I couldn’t find the needed answer, I’ll post the question here (sorry, if this has already been discussed). Has anyone tried transferring (accidentally or not) ‘wrong’ currency to their T212 account? By ‘wrong’ I mean the currency that is not the chosen account currency. Will the money…

It should be converted at source to pounds before t212 receives it so the rate would be from your funding source not from t212. T212 only allow you to “choose” your chosen currency once, it cannot be changed unless you move country

Not that easy to answer. Your bank will transfer the money in the currency you choose, it will not exchange it unless you request. Now, what will happen when the transfer reaches T212 account? My guess it will bounce back as it is the wrong currency.

The request for funds from t212 should have a currency attached so it will convert prior to approval

That is true if the request initiated through the T212 account, but I understand the OP is describing a transfer made from the bank account.

Thank you both for your replies! Yes, Alien, I meant a simple bank transfer made from my bank account. I have just tried to send some money (GBP) from my UK Natwest account and it did bounce back. So you were correct. Depending on the amount, I will either be paying those 15-16 GBP per internation…

I know HSBC charges £6 per transfer, but the exchange rate is terrible. Have you tried Revolut or xe.com ?

There has been talks of PayPal being usable might be worth looking into? Or use the link my bank account function?

@Alien HSBC is probably charging only this much because even though it’s originally a swiss bank it has many international branches/offices. The bank that I’m using is local, with rather high prices for foreign services. I haven’t tried Revolut. Have something similar though - Transferwise. In cas…

Use only SWIFT payment if your account is not in GBP or EUR. [image] Invest & ISA - Account Funding Conditions Update 📰 What's new Local bank RON -> Revolut (free) -> Revotut RON -> GBP exchange (free or fee) -> Revolut to Barclays (free) -> Barclays GBP -> RON exchange …

I also have a similar issue. My account is in USD, and USD is the only option when I select bank transfer option. Since my bank account is in RON, when I transfer money to USD, the fees are like 10 euros, since USD is a … foreign currency. It would be nice to have the possibility of at least an a…

Bank transfer to T212 account in 'different' currency

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Investor212 January 11, 2021, 12:11am 10

Use only SWIFT payment if your account is not in GBP or EUR.

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Bank transfer to T212 account in 'different' currency

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